All In Podcast Episode 262 Recap and Notes February 27 2026

February 27 2026

• Chamath launched his own YouTube channel
• Claude’s hit list

  • 3 for 3 in tanking different market sectors in February

  • Feb 3 - Legal plugin for Claude Cowork

    • Thomson Reuters, Legalzoom etc down

  • Feb 20 - Claude Code Security

    • CrowdStrike, etc down

  • Feb 23 - Claude announces COBOL modernizing

    • IBM down

  • Some of this is smart finance players changing positions likely

  • Markets are in “if” mindset vs “when” mindset - can AI models disrupt the market? So when you don’t know how to price it, you want a massive margin of safety

    • PEs go down, Revenue multiples go down

  • Viral Citrini AI report also might have had an effect

  • Were there any shorters who had something to do with the article?

  • Derek Thompson response about AI narratives being science fiction ideas is a good one

  • Natural for market to react like this given uncertainty in future vs how reliable SaaS used to be

  • Is there really enough consumptive capacity on the other side of AI doing everything?

    • Calls all knowledge work into question
    • Calls SaaS into question

  • As a counter - Anthropic is still hiring Software Engineers at high salaries when they are claiming the job will go

  • Citadel also shows how software jobs are growing and company formation is also growing

    
    

  • Aaron Levie take on software engineer jevons paradox also serves as good pushback

  • The economy is not a pie, its a garden and technology is rain

  • Token cost per employee is something to pay attention to

  • We need an explosion in the capacity that is available

  • What if new Apple mac is AI model ready?

• All In Events 2026
  • Liquidity - May 31 - Jun 3 - Yountville CA
    • Guest tease: Dan Loeb, Sarah Friar
  • AIS 2026 - Sep 13-15, LA
  • Bill Gurley book - Runnin down a Dream
• Data Centers causing electricity price increases
  • Chamath’s analysis on Data Center project opposition causing loss of enterprise value
  • Tech companies can pay for the residents’ power
  • Tech companies become power companies
  • Rate Payer Protection Pledge
  • NIMBYs being replaced by BANANAs - Build Absolutely Nothing Anywhere Near Anyone
  • Data Centers have data coming in and out at speed of light - so they can be built anywhere - they don’t take a lot of space - they will be built somewhere so the politicians need to understand this
  • Micron’s $100B megafab in NY is at risk of delay due to just 6 “concerned citizens” and their frivolous lawsuit
    • Why does anyone bother with the blue states
    • It has already been through a 2 year environmental review - the locals want it
    • Environmental non profits can go around creating chaos with no cost to them
• Trump State of the Union
  • Took a bunch of victory laps
  • But his approval rating is -14%
  • Brad Gerstner got a shout out
  • Moment when Democrats didn’t stand up for Americans over Illegal Aliens were striking
• Science corner
  • David Sinclair company has reached an agreement with the FDA to treat humans with Yamanaka factors
  • They are packaging proteins into viruses which will deliver a DNA payload into the eye cells
    • It includes a switch administered via an antibiotic
  • This could cure blindness
  • Harbinger of lots of startups working on similar human therapeutics
• SCOTUS votes against Trump’s tariffs
  • Biggest rebuke of executive power since 1935 when FDR’s new deal was rejected